Investment Planning Questionnaire

Transcription

1 Investment Planning Questionnaire Page 1

2 Personal Information Family Members Marital Status: Preferred Language: First Name Last Name Gender Birth Date (YYYY-MM-DD) Dependants Relationship First Name Last Name Gender Birth Date (YYYY-MM-DD) Addresses Address City Country Province Postal Code Phone Number Home Alternate Employment Employer Position/Title Address City Country Province Postal Code Employer Phone Number Business Employer Start Date Contract Start Date Contract Term Is contract likely to be extended Page 2

3 Other Title Preferred Name Social Insurance Number Cellular Best Time to contact Fax Citizenship Place of Birth Smoker Yes No Yes No Disabled Yes No Yes No Health Status Excellent Good Fair Poor Excellent Good Fair Poor Specialists Name Firm Type Phone Engagement Non-Financial Goals Goals Now tell us a little bit about your personal goals and objectives. This might be the first time you have sat down and tried to articulate what is important to you. To help you get started, consider the following general goals and identify the items that you are concerned about. Now is also a good time to think about any other concerns you have. Planning for retirement Education planning for children or grandchildren Wealth accumulation Estate planning Protecting your family's future Having an active and rewarding lifestyle in retirement Planning Assumptions General Assumptions Planning Jurisdiction Planning Province Inflation Assumption % Page 3

4 Risk Profile Instructions When making investment recommendations, it s important to recognize an investor s comfort with investment risk. The following questions will help us to assess what type of investor you are. For couples, you both can respond to the questions below, or if only one of you is the decision maker relative to investing, that person can complete these questions. 1) Compared to others, how do you rate your willingness to take financial risks? 2) How easily do you adapt when things go wrong financially? 3) When you think of the word risk in a financial context, which of the following words comes to mind first? 4) Have you ever invested a large sum in a risky investment mainly for the thrill of seeing whether it went up or down in value? 5) When faced with a major financial decision, are you more concerned about the possible losses or the possible gains? 6) What degree of risk are you currently prepared to take with your financial decisions? 7) Have you ever borrowed money to make an investment (other than for your home)? 8) Suppose that 5 years ago you bought shares in a highly regarded company. That same year the company experienced a severe decline in sales due to poor management. The price of the shares dropped drastically and you sold at a substantial loss. The company has been restructured under new management and most experts now expect it to produce better than average returns. Given your bad past experience with this company would you buy shares now? Extremely low risk taker Very low risk taker Low risk taker Average risk taker High risk taker Very high risk taker Extremely high risk taker Very Uneasily Somewhat uneasily. Somewhat easily Very easily Danger Uncertainty Opportunity Thrill, very rarely, somewhat rarely, somewhat frequently, very frequently Always the possible losses Usually the possible losses Usually the possible gains Always the possible gains Very small Small Medium Large Very Large Definitely not Probably not t sure Probably Definitely Extremely low risk taker Very low risk taker Low risk taker Average risk taker High risk taker Very high risk taker Extremely high risk taker Very Uneasily Somewhat uneasily. Somewhat easily Very easily Danger Uncertainty Opportunity Thrill, very rarely, somewhat rarely, somewhat frequently, very frequently Always the possible losses Usually the possible losses Usually the possible gains Always the possible gains Very small Small Medium Large Very Large Definitely not Probably not t sure Probably Definitely Page 4

5 9) Investments can go up and down in value and experts often say you should be prepared to weather a downturn. By how much could the total value of all your investments go down before you would begin to feel uncomfortable? Any fall in value would make me feel uncomfortable 10% 20% 33% 50% More than 50% Any fall in value would make me feel uncomfortable 10% 20% 33% 50% More than 50% 10) Most investment portfolios have a mix of investments - some of the investments may have high expected returns but with high risk, some may have medium expected returns and medium risk, and some may be low-risk/low-return. (For example, shares and property would be high-risk/high-return whereas cash and term deposits would be low-risk/low-return.) Which mix of investments do you find most appealing? Would you prefer all low-risk/low-return, all high-risk/high-return, or somewhere in between? Please select one of the seven portfolios listed below: Mix of Investments in Portfolio High Medium Low Risk/Return Risk/Return Risk/Return Portfolio 1 0 % 0 % 100 % Portfolio 2 0 % 30 % 70 % Portfolio 3 10 % 40 % 50 % Portfolio 4 30 % 40 % 30 % Portfolio 5 50 % 40 % 10 % Portfolio 6 70 % 30 % 0 % Portfolio % 0 % 0 % Mix of Investments in Portfolio High Medium Low Risk/Return Risk/Return Risk/Return Portfolio 1 0 % 0 % 100 % Portfolio 2 0 % 30 % 70 % Portfolio 3 10 % 40 % 50 % Portfolio 4 30 % 40 % 30 % Portfolio 5 50 % 40 % 10 % Portfolio 6 70 % 30 % 0 % Portfolio % 0 % 0 % 11) With some types of investment, such as cash and term deposits, the value of the investment is fixed. However inflation will cause the purchasing power of this value to decrease. With other types of investment, such as shares and property, the value is not fixed. It will vary. In the short term it may even fall below the purchase price. However, over the long term, the value of shares and property should certainly increase by more than the rate of inflation. With this in mind, which is more important to you, that the value of your investments does not fall or that it retains its purchasing power? Much more important that the value does not fall Somewhat more important that the value does not fall Somewhat more important that the value retains its purchasing power Much more important that the value retains its purchasing power Much more important that the value does not fall Somewhat more important that the value does not fall Somewhat more important that the value retains its purchasing power Much more important that the value retains its purchasing power 12) Think of the average rate of return you would expect to earn on an investment portfolio over the next ten years. How does this compare with what you think you would earn if you invested the money in bank deposits? About the same rate as from bank deposits About one and a half times the rate from bank deposits About twice the rate from bank deposits About two and a half times the rate from bank deposits About three times the rate from bank deposits More than three times the rate from bank deposits About the same rate as from bank deposits About one and a half times the rate from bank deposits About twice the rate from bank deposits About two and a half times the rate from bank deposits About three times the rate from bank deposits More than three times the rate from bank deposits Page 5

6 Instructions Know Your Part of the process of designing investment portfolios is for us to have a good understanding or your general knowledge and experience with investing. Provide the following information to assist us in this regard. Total Income: Your family net worth is: Investment Capital: How would you describe your general investment knowledge? In the past I have invested in the following types of investments: Less than $100,000 From $100,000 to $250,000 From $250,000 to $500,000 From $500,000 to $1,000,000 More than $1,000,000 Less than $100,000 From $100,000 to $250,000 From $250,000 to $500,000 From $500,000 to $1,000,000 More than $1,000,000 Sophisticated Average Limited ne GIC s & Term Deposits Bonds Stocks Mutual Funds Less than $100,000 From $100,000 to $250,000 From $250,000 to $500,000 From $500,000 to $1,000,000 More than $1,000,000 Sophisticated Average Limited ne GIC s & Term Deposits Bonds Stocks Mutual Funds Page 6

7 Assets & Liabilities Instructions Identifying your assets and liabilities is an important part of the planning process. List below your various investments either by using a single value for all holdings in each account or by listing the individual assets within each account. You should also identify your personal assets and all liabilities including mortgages, car loans and consumer loans in the section provided for this purpose. A very convenient option is for you to attach copies of your investment account statements and loan documents that provide these details. If you choose this option, be sure to provide your most current statements for all accounts. Investments Description of Asset Owner Account Type Account # Market Value ACB To be Used For This Goal Beneficiary Account Type: Open; RRSP; Spousal RRSP; RRIF; GRRSP; RESP; LIF; LIRA; TFSA Page 7

8 Personal Use, Business and Other Assets Asset Description Owner Market Value ACB Liability Beneficiary Disposition Strategy Residence Cars Personal Effects Loan Information Description Mortgage on Residence Car Loan Car Loan RRSP Loan Investment Loan Owner Current Balance Amount Borrowed Loan Date Renewal Date Interest Rate Loan Payments Frequency Pay Loan on Death Joint Joint Joint Joint Joint Joint Joint Is Loan Insured Page 8

9 Portfolio Objectives Instructions Once we have assessed your comfort with investment risk, the next step is to identify your investment objectives. This means understanding how your money should be managed given the purpose for which that money will ultimately be used. Below are a series of questions that are designed to help us identify your portfolio objectives. If you have multiple goals with different time horizons, you may find that you have different investment objectives for these different goals. Identify below your investment objectives for your Strategic Portfolio. This will usually be you your general investment portfolio that will fund your retirement and other long term goals. If you have other money that s to be managed differently than your Strategic Portfolio, for example money designated for education funding, enter a description for those additional portfolios and tell us about the investment objectives for these funds as well. Once you have finished this exercise, you should return to the Assets & Liabilities section of this document and identify which investments are for each portfolio. First Portfolio Second Portfolio Third Portfolio Description of Portfolio: Strategic Portfolio Time Horizon: When do you require at least 25% of these funds? Risk Capacity: If this portfolio fails to achieve the expected returns necessary to fund your goals, what ability do you have to adapt by reducing the goal, funding it from other revenues or drawing on other sources of capital? Social Responsibility: SRI is the act of making smart investment decisions to achieve not only financial returns, but also social and environmental returns. Constraints: Please list any restrictions that you would like to impose on your universe of eligible investments (for example geographic or industry-type restrictions). If accounts associated with this portfolio belong to two different people with different risk profiles, whose risk tolerance do you want applied to this portfolio? Within the next year From 1 to 3 years From 4 to 5 years From 6 to 9 years More than 10 years Little or no flexibility Little to moderate flexibility to adapt Moderate ability to adapt Moderate to significant ability to adapt Significant ability to adjust I am not interested in SRIspecific investments in my portfolio I believe in having a small Having half my portfolio in SRI-specific investments would be beneficial to me I believe in having a large Having an investment portfolio consisting entirely of SRI investments is very important to me Within the next year From 1 to 3 years From 4 to 5 years From 6 to 9 years More than 10 years Little or no flexibility Little to moderate flexibility to adapt Moderate ability to adapt Moderate to significant ability to adapt Significant ability to adjust I am not interested in SRIspecific investments in my portfolio I believe in having a small Having half my portfolio in SRI-specific investments would be beneficial to me I believe in having a large Having an investment portfolio consisting entirely of SRI investments is very important to me Within the next year From 1 to 3 years From 4 to 5 years From 6 to 9 years More than 10 years Little or no flexibility Little to moderate flexibility to adapt Moderate ability to adapt Moderate to significant ability to adapt Significant ability to adjust I am not interested in SRIspecific investments in my portfolio I believe in having a small Having half my portfolio in SRI-specific investments would be beneficial to me I believe in having a large Having an investment portfolio consisting entirely of SRI investments is very important to me Page 9

10 Asset Allocation Instructions Describe below how your current investment holdings are distributed across the various assets classes listed. Asset Class Percentage Asset Class Percentage Cash % U.S. Equities % Short Term Fixed Income % U.S. Small Cap Equities % Fixed Income % International Equities % Canadian Equities % Emerging Markets % Canadian Small Cap Equities % Real Estate % Page 10

11 Authorization TO : This will serve as your full authority to release to any information and/or documents concerning my affairs with your organization. Dated this day of, 20, at. Page 11